ABU DHABI, United Arab Emirates, Dec. 13 (UPI) -- A Kuwaiti oil expert says OPEC needs to cut production by another 1.5 million to 2 million barrels a day to pressure prices back to a profitable level.
NEW YORK, Dec. 8 (UPI) -- Crude oil prices rose on the New York Mercantile Exchange Monday after an OPEC leader warned of steep production cuts.
NEW YORK, Dec. 5 (UPI) -- Crude oil prices dropped Friday on the New York Mercantile Exchange with prices down more than 20 percent in the past week and headed toward $40 per barrel.
India orders RIL to supply gas; Cyprus pushes Mediterranean exploration; Algeria invites Russia to join OPEC.
NEW YORK, Dec. 4 (UPI) -- Crude oil prices dropped to less than $44 a barrel Thursday on the New York Mercantile Exchange, hitting its lowest closing price in 35 months.
NEW YORK, Dec. 3 (UPI) -- Crude oil prices fell slightly on the New York Mercantile Exchange Wednesday following an OPEC request to have Russia and others join their ranks.
NEW YORK, Dec. 2 (UPI) -- Crude oil prices fell Tuesday to $46.96 a barrel on the New York Mercantile Exchange, plunging to a low unseen in more than three and a half years.
TEHRAN, Dec. 1 (UPI) -- There is a need to find a balance between generating revenue for investments in the oil sector and the declining market, OPEC officials said Monday in Iran.
NEW YORK, Dec. 1 (UPI) -- Crude oil prices fell sharply on the New York Mercantile Exchange Monday as data showed U.S. manufacturing in decline.
CAIRO, Nov. 29 (UPI) -- Members of the Organization of Petroleum Exporting Countries, meeting Saturday in Cairo, say the informal talks are unlikely to result in production cuts.
CAIRO, Nov. 28 (UPI) -- OPEC's direction at its weekend meeting in Cairo will be muddied by secrecy and ineptitude, an analysis says.
NEW YORK, Nov. 28 (UPI) -- Crude oil prices rose slightly on the New York Mercantile Exchange Friday, a day before OPEC oil ministers are to meet in Cairo.
NEW YORK, Nov. 27 (UPI) -- Crude oil prices fell Thursday morning on the New York Mercantile Exchange although investors remain wary that OPEC may cut production soon.
VIENNA, Nov. 26 (UPI) -- Officials with the International Energy Agency said Wednesday oil-producing states should take a close look at the economy before deciding on production quotas.
NEW YORK, Nov. 26 (UPI) -- Crude oil prices jumped Wednesday on the New York Mercantile Exchange, as investors anticipated a possible OPEC production cut announcement.
